Money and Finance
From Brandes on Value:
- Links
Mark Zuckerberg's latest book club book is also a Charlie Munger recommendation, Genome: The Autobiography of a Species in 23 Chapters (LINK) Charles Brandes and the orthodoxy of value investing (LINK) Related book: Brandes on ValueBruce...
- Investing And Speculation...
From Brandes on Value: Benjamin Graham addressed the differences between investing and speculation on the very first page of his book The Intelligent Investor: “An investment operation is one which, upon thorough analysis, promises safety of principal...
- Charles Brandes Quote
From Brandes on Value: Investing should be grounded in basic fundamentals. If you rely on speculation, it will fail you every time. Reliance on fundamentals means looking past the hype and right into the heart and soul of a company. This will get...
- Charles Brandes Quote
From Brandes on Value: With each ebb and flow, Mr. Market entices investors with the “quick and the new,” leading them to believe that this time is very different, and that we’ve never seen the likes of this before. His pattern of tricks changes...
- Links
James Montier interview (LINK) One shouldn’t dwell too much on the semantics of a bubble. We at GMO define bubbles as a two standard deviation move away from the long term trend. And we are not quite there yet. We’d need another 10 to 15%. But let’s...
Money and Finance
Charles Brandes quote
From Brandes on Value:
To borrow a few words from Sir John Templeton, a respected pioneer in global money management, “There is too much emphasis now on everything yesterday.”
As I see it, we are no longer as thrifty as we should be, and this is leading to more speculation, more danger, and more risk. Investors are bombarded by data from an escalating number of sources, such as 24-hours-a-day financial news on cable television, the Internet, broadcast and satellite radio, and a good but shrinking number of capable print media. As our appetites for information and our expectations have increased, our ability to wait and anticipate has decreased.
- Links
Mark Zuckerberg's latest book club book is also a Charlie Munger recommendation, Genome: The Autobiography of a Species in 23 Chapters (LINK) Charles Brandes and the orthodoxy of value investing (LINK) Related book: Brandes on ValueBruce...
- Investing And Speculation...
From Brandes on Value: Benjamin Graham addressed the differences between investing and speculation on the very first page of his book The Intelligent Investor: “An investment operation is one which, upon thorough analysis, promises safety of principal...
- Charles Brandes Quote
From Brandes on Value: Investing should be grounded in basic fundamentals. If you rely on speculation, it will fail you every time. Reliance on fundamentals means looking past the hype and right into the heart and soul of a company. This will get...
- Charles Brandes Quote
From Brandes on Value: With each ebb and flow, Mr. Market entices investors with the “quick and the new,” leading them to believe that this time is very different, and that we’ve never seen the likes of this before. His pattern of tricks changes...
- Links
James Montier interview (LINK) One shouldn’t dwell too much on the semantics of a bubble. We at GMO define bubbles as a two standard deviation move away from the long term trend. And we are not quite there yet. We’d need another 10 to 15%. But let’s...